CoStar (Brazil) Market Value
| C1GP34 Stock | BRL 4.52 0.10 2.16% |
| Symbol | CoStar |
CoStar 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to CoStar's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of CoStar.
| 10/16/2024 |
| 12/15/2024 |
If you would invest 0.00 in CoStar on October 16, 2024 and sell it all today you would earn a total of 0.00 from holding CoStar Group or generate 0.0% return on investment in CoStar over 60 days. CoStar is related to or competes with Metalurgica Gerdau, Metalrgica Riosulense, Nordon Indstrias, Salesforce, United Rentals, Fidelity National, and American Airlines. CoStar Group, Inc. provides information, analytics, and online marketplace services to the commercial real estate, hospi... More
CoStar Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CoStar's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess CoStar Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.05 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 14.39 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 3.26 |
CoStar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CoStar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CoStar's standard deviation. In reality, there are many statistical measures that can use CoStar historical prices to predict the future CoStar's volatility.| Risk Adjusted Performance | 0.0134 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0166 |
CoStar Group Backtested Returns
At this point, CoStar is slightly risky. CoStar Group secures Sharpe Ratio (or Efficiency) of 0.042, which signifies that the company had a 0.042% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for CoStar Group, which you can use to evaluate the volatility of the firm. Please confirm CoStar's mean deviation of 1.56, and Risk Adjusted Performance of 0.0134 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. CoStar has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.71, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CoStar's returns are expected to increase less than the market. However, during the bear market, the loss of holding CoStar is expected to be smaller as well. CoStar Group right now shows a risk of 2.52%. Please confirm CoStar Group total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if CoStar Group will be following its price patterns.
Auto-correlation | -0.33 |
Poor reverse predictability
CoStar Group has poor reverse predictability. Overlapping area represents the amount of predictability between CoStar time series from 16th of October 2024 to 15th of November 2024 and 15th of November 2024 to 15th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CoStar Group price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current CoStar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
CoStar Group lagged returns against current returns
Autocorrelation, which is CoStar stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting CoStar's stock expected returns. We can calculate the autocorrelation of CoStar returns to help us make a trade decision. For example, suppose you find that CoStar has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
CoStar regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If CoStar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CoStar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CoStar stock over time.
Current vs Lagged Prices |
| Timeline |
CoStar Lagged Returns
When evaluating CoStar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CoStar stock have on its future price. CoStar autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, CoStar autocorrelation shows the relationship between CoStar stock current value and its past values and can show if there is a momentum factor associated with investing in CoStar Group.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in CoStar Stock
When determining whether CoStar Group is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if CoStar Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Costar Group Stock. Highlighted below are key reports to facilitate an investment decision about Costar Group Stock:Check out CoStar Correlation, CoStar Volatility and CoStar Alpha and Beta module to complement your research on CoStar. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
CoStar technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.